Nearly 60% of West End shop rents left unpaid, says major London landlord

  The Guardian 

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Shaftesbury says 20% of flats vacant as Covid-19 prompts professionals to leave capital and international students to stay home Shaftesbury , one of the biggest landlords in central London, said struggling high street businesses had paid less than half of the rent due since March, while a flight from the capital had left it with a glut of empty flats on its hands. The property firm, which owns swathes of fashionable districts including Soho and Covent Garden, said only 41% of the rent for the six months to 30 September had come in. It is also struggling to relet flats, which were once sought-after bases for international students and young professionals, with a fifth of its 662 apartments currently lying empty. Continue reading...

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